Trucking Business News

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Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

BusinessTechnologyFuelAutonomous

Xos Delivers Test Vehicles to UniFirst

Xos Inc., a Los Angeles-based manufacturer of fully electric Classes 5-8 commercial vehicles, announced it signed an agreement to deliver three Xos electric step vans to UniFirst Corp. in a test program with potential for additional vehicle purchases for use across the United States.

June 29, 2021
GovernmentBusinessFuel

Diesel Hits $3.30 a Gallon After 1.3¢ Climb

The national average price of diesel increased for the ninth consecutive week June 28 when it climbed 1.3 cents to reach $3.30 a gallon, the Energy Information Administration reported.

June 28, 2021
BusinessLogistics

Ports on Both Coasts Continue Record-Setting Levels in May

The nation’s ports remained very busy in May, as high shipment volume continued to flow through facilities on both the Pacific and Atlantic coasts at a record-setting pace.

June 28, 2021
BusinessTechnology

XL Fleet Added to Russell 3000, 2000 Indexes

XL Fleet Corp., a provider of hybrid electrification solutions for Classes 2-6 commercial and municipal vehicles, announced it has been added to the Russell 3000 Index and the U.S. Small Cap Russell 2000 Index effective June 28.

June 28, 2021
BusinessTop 100

Hirschbach Announces Acquisition of Lessors

Hirschbach Motor Lines announced June 22 that it is expanding with the acquisition of Lessors Inc.

June 28, 2021
BusinessTop 100

Former Werner CEO Greg Werner Dies

Greg Werner, the former CEO of Werner Enterprises, has died, the company confirmed June 25.

June 28, 2021
GovernmentBusinessTechnologyLogistics

Schumer, Buttigieg Vow to Advance NYC Gateway Tunnel

Senate Majority Leader Chuck Schumer and Transportation Secretary Pete Buttigieg vowed to advance a long-delayed rail tunnel connecting New York and New Jersey using money expected to be appropriated this year.

June 28, 2021
BusinessFuel

Baker Hughes Takes a Stake in Synthetic Natural Gas Startup

Baker Hughes is taking a 15% stake in a startup that aims to produce natural gas from hydrogen and carbon dioxide, the oil field service company’s latest move to invest in technology designed to capture emissions.

June 28, 2021
GovernmentBusiness

House Considers Highway Policy Bill This Week

Legislation designed to update the country’s surface transportation policies is scheduled for floor consideration this week, likely today or Wednesday, in the U.S. House of Representatives. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.

June 28, 2021
BusinessLogistics

Sutton Transport Acquires E F Express

Sutton Transport Inc. announced June 24 that it has entered into an agreement to purchase E F Express.

June 28, 2021